Along with the term predictive analytics, here are some terms that are very much related:
- Predictive modeling: This specifically means using a mathematical/statistical model to predict the likelihood of a dependent or target variable. You may still be able to predict; however, if there is no underlying model, it is not a predictive model.
- Artificial intelligence (AI): A broader term for how machines are able to rationalize and solve problems. AI's early days were rooted in neural networks.
- Machine learning: A subset of AI. Specifically deals with how a machine learns automatically from data, usually to try to replicate human decision-making or to best it. At this point, everyone knows about Watson, who beat two ...